GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Truffle

The most expensive truffle ever sold, which weighed 1.51 kg, was auctioned for $330,000 in 2007 in Italy.

Last Updated: June 20, 2024

How we write

In this post, we will explore the world of truffles and their staggering prices, from the legendary sale of a 1.51-kilogram white truffle in Italy to the nuances of truffle farming and the impact of seasonality on prices. Join us as we uncover the fascinating statistics behind the most expensive truffles in the world.

Statistic 1

"The most expensive truffle ever sold was a 1.51 kilogram white truffle from Northern Italy, which sold for 330,000 US dollars."

Statistic 2

"The sale, which took place in 2007, was held at a Sotheby’s auction in Macau."

Statistic 3

"Stanley Ho, a casino owner in Macau, China, was the buyer of the most expensive truffle so far."

Statistic 4

"Most truffles can range in price from $200 to $3,000 per pound depending on the type and where they are from."

Statistic 5

"White truffles, which are generally more expensive than black ones, averaged $3400 per pound in 2019."

Statistic 6

"2016 season saw the highest price for white truffles recorded at about $4500 per pound."

Statistic 7

"The Italian region of Alba is known for the most expensive truffles in the world, particularly the white variety."

Statistic 8

"About 20% of the world's truffles come from France, once home to the majority of the world's truffle supply."

Statistic 9

"Truffle production in Europe, which produces some of the most expensive varieties, has declined over 50% in the past century."

Statistic 10

"Australian truffles, despite being new to the market, have fetched prices as high as $2500 per kilogram."

Statistic 11

"The record for the most expensive truffle in North America was set by a black Perigord truffle that sold for $120,000."

Statistic 12

"Truffle dogs can sniff out truffles that are up to 100 metters deep, contributing to the cost of harvesting these expensive truffles."

Statistic 13

"Though not as expensive as white and black truffles, burgundy truffles can still fetch a price of $120 per ounce."

Statistic 14

"The Baltic Sea region of Poland is known for growing the rare and expensive Borowik Szlachetny truffle."

Statistic 15

"Up to 80% of all truffle farmers in France keep the location of their truffle farms secret, due to the high value of the truffles."

Statistic 16

"The price of Perigord Black Truffle, one of the most expensive truffles, can reach up to €1,000 per kg."

Statistic 17

"A small handful of truffle species are farmed commercially, yet few farms can naturally reproduce conditions conducive for T. magnatum, the most expensive truffle."

Statistic 18

"Season, weather, and scarcity jointly influence the price of truffles, quite seriously for the most expensive truffles like the Perigord black and Italian white varieties."

In conclusion, the world of truffles is a fascinating and lucrative one, with the most expensive varieties fetching prices that can range from hundreds to thousands of dollars per pound. The market is heavily influenced by factors such as type, region, season, weather, and scarcity, contributing to the high prices observed in auctions and markets. Truffle production in Europe has seen a significant decline over the past century, while new players like Australia have entered the market with their own high-priced offerings. Truffle farming is a meticulous and secretive endeavor, with many farmers guarding the locations of their farms to protect the valuable fungi. The history and economics of truffles continue to captivate both buyers and sellers, creating a thriving industry that showcases the allure and exclusivity of these prized delicacies.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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